Our map reveals at a glance the hottest emerging markets of the past year, as determined by an algorithm incorporating economic growth, investment inflows and competitiveness. With data tables and Top 10 rankings across multiple vectors.

Viral V. Acharya, C.V. Starr Professor of Economics at New York University’s Stern School of Business and a former deputy governor of the Reserve Bank of India, speaks with Global Finance about the fallout of the coronavirus epidemic.

November 2004

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Cover Story

AIRLINES EMIRATES President: Tim Clark Emirates, the Dubai-based international airline, has expanded its route system worldwide. In the first half of this year, it added flights to New York, Shanghai and a half dozen other destinations. The airline’s distinctive white ...

The seventh annual survey of the World’s Best Companies profiles the global leaders and the top regional players. For most of the world’s top compa-nies this has been a remarkable year. Revenues have been rising strongly and, for many, profits ...

NORTH AMERICA AIRLINES JETBLUE AIRWAYS CEO and Director: David Neeleman After gaining passenger loyalty in the US with its goal of “bringing humanity back to air travel,” JetBlue went international this year, adding flights to two Caribbean destinations. The airline ...

Features

Global Finance selects the winners from among the leading banks that create and implement financing plans for major projects around the world. Private finance initiatives, or PFIs, in Europe, big petrochemical plants in Asia and power-sector restructurings in the United ...

New legislation paves the way for the elimination of the 40 billion checks in circulation in the US today. It has been likened to the stampede that surrounded Y2K as banks invested millions preparing their computer systems to counteract the ...

Experts in emerging markets corporate funding gathered at Global Finance’s offices to discuss the state of the markets. GLOBAL FINANCE: What are the latest issuance trends for emerging market companies and how do you expect these to develop? JORGE CANTONNET, ...

While more glamorous instruments such as derivatives have stolen the limelight, insurance still has a crucial role to play in the management of risks. The techniques of risk management have in recent years progressed by leaps and bounds, driven in ...

RUSSIA Casual readers of the business press over the past year could be forgiven for thinking there is only one major company in Russia. The long-running soap opera of the so-called Yukos affair has so dominated headlines that it has ...

Emerging Markets

AIRLINES EMIRATES President: Tim Clark Emirates, the Dubai-based international airline, has expanded its route system worldwide. In the first half of this year, it added flights to New York, Shanghai and a half dozen other destinations. The airline’s distinctive white ...

NORTH AMERICA AIRLINES JETBLUE AIRWAYS CEO and Director: David Neeleman After gaining passenger loyalty in the US with its goal of “bringing humanity back to air travel,” JetBlue went international this year, adding flights to two Caribbean destinations. The airline ...

Experts in emerging markets corporate funding gathered at Global Finance’s offices to discuss the state of the markets. GLOBAL FINANCE: What are the latest issuance trends for emerging market companies and how do you expect these to develop? JORGE CANTONNET, ...

FOREIGN EXCHANGE Weaker-than-expected US payroll data triggered a sell-off in the dollar last month, and analysts say the outlook for the greenback has deteriorated. The dollar slumped to the lower end of its months-long trading range against the euro and ...

BRAZIL Investor confidence in Brazil continues to grow, as witnessed by the sovereign’s successful return to international capital markets on October 6 with a $1 billion 15-year global bond is-sue via JPMorgan and Citigroup. The deal, priced at 97.78 with ...

RUSSIA In response to a dramatic increase in terrorism—most notably the attack in the town of Beslan in southern Russia, which resulted in the death in hundreds of schoolchildren, parents and teachers— Russian President Vladimir Putin announced a range of ...

INDIA The fiscal year 2003-2004 (April-March) was wonderful for the Indian government, with unprecedented levels of tax collection.That inflow set new records for direct and indirect taxation and gave the government a lot of fiscal flexibility. But if the figures ...

Best Banks in Project Finance

Global Finance selects the winners from among the leading banks that create and implement financing plans for major projects around the world. Private finance initiatives, or PFIs, in Europe, big petrochemical plants in Asia and power-sector restructurings in the United ...

Milestones

UNITED STATES High oil prices and weak job creation are creating worries about a potential slowing in US and global economic growth, but don’t count out the American consumer. Consumer spending ac-counts for two-thirds of the US economy and there ...

Corporate Finance

Global Depositary Receipts AMERICAS Brazil-based Braskem, the largest petrochemical company in Latin America, has raised $423 million in an initial global public offering of class-A preferred shares and American depositary shares. The company increased the number of shares offered to ...

FOREIGN EXCHANGE Weaker-than-expected US payroll data triggered a sell-off in the dollar last month, and analysts say the outlook for the greenback has deteriorated. The dollar slumped to the lower end of its months-long trading range against the euro and ...

CORPORATE FINANCE THE AMERICAS/EUROPE European issuers are making an increasing number of private placements in the US debt market to take advantage of low interest rates and to diversify their sources of funds, according to market participants. The private placement ...

Check 21 Pushes Paper Checks Closer To Oblivion shake-up among the major US clearing banks, with the larger banks investing millions in check imaging technology so that they can not only receive substitute checks or IRDs but send them as ...

Newsmakers

PHILIPPINES Rafael Buenaventu-ra, governor of the central bank of the Philippines, is one of the few repeat A-grade winners in Global Finance mag-azine’s annual Cen-tral Banker Report Cards. But this year, in our October is-sue, he got a B…and we ...

MEXICO Mexican President Vicente Fox, who won office on an anti-corruption platform in 2000, got a pat on the back from the OECD on his administration’s efforts for greater transparency.With corruption an endemic problem, Pricewaterhouse-Coopers estimates Mexico loses some $8.5 ...